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to that in the next hour of markets now. connell: they to it. a lot of news. dagen: motor city, auto sales. connell: first to nicole petallides on the floor of the stock exchange looking at today's markets. nicole: good morning. good morning, everybody. right now all we mayybe clocking in some losses for the third day in a row for the dow and the s&p and we haven't seen that since september. dow jones industrials down 66 points at 15,932 and nasdaq down sitting at 1797, friday is jobs friday, watching for that. also a close eye on dow chemical which jumped to little bit yesterday on this news, pulling back now, trying to spin off part of their business so we have seen this moving back and forth, gains going back today. connell: breaking news in a detroit courtroom where a federal judge is ruling whether or not the city can continue with its bankruptcy filing. dagen: a win for the city? jeff flock live from detroit with the latest. jeff: it is accused ruling. for the first time ever a federal judge has ruled in detroit std may cut, diminish the pensions of municipal workers in bankruptcy, first time
favor of bankruptcy, the next question becomes what happens to the city retirees clinging to those benefits? and the president is pushing this hour for a higher minimum wage. the congressman to talk about that. by your gifts online, paying tax, others don't, supreme court doesn't want to get in the middle of it. judge andrew napolitano has no problem getting in the middle of that. and then, consolidating your wallet into just one card. the high-tech idea could be the way we shop in the future. it is all coming up along with dagen mcdowell on "markets now." dagen: giddyup. changing out of the shirt you had done earlier and now you look more businesslike. connell: i will take that as a complement on both sides. i have no other choice but to check the market and talk to the judge. dagen: we have to hit your slender. we have gains on the market right now despite the better-than-expected numbers from adp, nicole petallides at the new york stock exchange. nicole: you mentioned adp, which was better. we also got new hom home sales numbers better than expected, we are seeing the market wit
. >>> we'll hear from president bill clinton. >>> motor city master pieces. the latest on possibly selling artwork opened by detroit. could it pull the city it of bankruptcy, and should it? >>> good morning, everyone. welcome to "weekends with alex wit witt". president obama surging congress to extend benefits for 1.3 million workers. they are set to expire just three days after christmas. >> if congress refuses to act it won't just hurt families already struggling. it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of jobs bill awaiting action in the democratic-run senate. >>> good news on
york mayor-elect bill deblasio appointed former new york city police commissioner, william bratton. he served during the giuliani administration during the mid 1990s but he was fired. liz: ford unveiled the new version of eye coon nick mustang, it will go on sale at the 50th anniversary of the launch of iconic mustang. time fore"after the bell." david: i have should mention by the way the floorboard of the '67 mustang that chris noth had was not there. it rusted out. we were looking at road beneath our feet. what you do in college, crazy stuff. we have lee munson, portfolio manager, chief investment officer will explain why he doesn't think the fed will taper soon no matter how strong the economic data. we have tim mullen in the pits. tim i want to start with you. the looks like the market is ready for a good jobs report, perhaps, as a result earlier tapering than we thought, correct. >> that is the thought in the market action but when you look at bond market and the way the selloff ended i think there is hesitation. if we get a jobs number there is no certainty fed will stop anytime
senator rand paul will talk about his plan to revive the city of detroit that the president said would never go bankrupt. he saved it. martin bashir is done, finished. he handed in his resignation letter at nbc news for the disparaging, vile comments made about governor sarah palin. bob beckel and andrea tantaros react. peter sweitzer has details on a new report here. in three and a half years leading up to the obama care website, the president and secretary sebelius never had a one on one meeting. i'm even shocked at the this. we'll find out. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome to "hannity" earlier today president obama gave a very long-winded sp
the road all over the country saying he sensually if you have a pension and a municipal worker in your city declares bankruptcy it is not necessarily protect. kevin is the emergency manager who got everything he wanted in this judge's ruling but very somber when he came out to talk to reporters. >> we were very pleased, we remain very concerned about the need to improve the level of services for citizens and also prepare for the city to exit this receivership in a fashion that restores democracy. to the city. >> that is what a lot of people are concerned about, the democracy being restored. look at the pictures on the streets of the city, as soon as the ruling came trickling out people upset about it, specifically pensioners, retirees, union members, their attorney who represents them talked just after the ruling was shellshocked. >> this is a scary day because what the judge has done is set a state constitution specifically and expressly protects vested pension benefits can be taken away in bankruptcy and that is very scary. >> sharon levine asks me as you point out, it is a huge ruling an
from a courtroom in detroit where the judge is giving the ruling on the city's bankruptcy. are they allowed to declare bankruptcy or not? first off, the court finds city has proved it is insolvent. the judge just said it. that's from our own jeff flock inside the courtroom. we'll bring you more details as they break. but the judge has just said, yes, detroit is insolvent. that's important. all right, everyone, kayleigh, thank you for joining us this morning. by the way, i understand you sat-- she's gone. you know, she sat an important exam yesterday. i want to know how it went. charles: oh, yeah, i think she's great. stuart: we'll bring her back and ask her. to washington, president obama will renew the obamacare pitch today talking about everything good about the law. should be a short speech. meanwhile on capitol hill more political theater. rich edson watching it in d.c. rich, what is this hearing all about? >> with he will -- well, stewart, the title is the president's constitutional duty to faithfully execute the nation's laws. basically what the republicans are looki
, five in rapid city, ala of areas across montana be the zero, 45 in dallas. won't above that for the next five days. the cold is here for a while. would get your wind chill. -28 and-9 in omaha, look at the rate picture, this is where the precipitation is going to be the next couple days, stuck right here, we continue to see impulses move across and bring freezing rain, rain and snow, to the north is snow, to the south is rain and there is an area in tennessee through areas like little rock and much of arkansas and dallas so at least half an inch of ice accumulating on the roads, the trees, the power line, widespread power outage event and potentially a lot of dangerous conditions on the roads, a lot of leaves on the trees, you will see those with the freezing rain, a very significant one. cheryl: thank you very much. adam: nicole petallides is there looking at different retailers with one thing in common. nicole: both of these are hitting all-time highs but $1 won't get you too far at tiffany's. dollar general came out with their numbers and this is every retailer's drea
of controversy but the fight is not over. d.c. city council just voted to boost the city's minimum wage to 11.50 an hour by 2016. it is 8.25 right now. that is a big jump. here now the man behind the plan, d.c. city councilman, vincent orange. thanks for joining us. have you heard from walmart? they opened their doors and you guys voted to raise anyone mum wage by three bucks? >> i was with walmart at preopening atth street. i joined them this morning on the store with georgia avenue. all seems to be well. opened their stores. council voted minimum wage of $11.50. melissa: did you talk about this specifically. >> no, happy feeling last night and this morning. people know they will have minimum wage. walmart knows they will sell their wears in the district of columbia. melissa: why do you think thaw need to increase the minimum wage by so much? for example, if you look at bureau labor at that schtick tis being less than three people, less than 3% of people make minimum wage. don't things in d.c. deserve more attention like crime? >> what we need in the district of columbia is better quality of
the 'systemly line workers in the city's auto plants. the following year he began work on a mural for new york's rockefeller center. entitled "man at the crossroads" which include add portrait of soviet communist leader vladimir lennon. defines of he take lennon out became stuff of art world legend. i will not compromise my vision. deegg picks in the 2002 film "freda". >> this is your fee. your services are noñ;longer required. >> it's my painting. >> on my wall. >> rockefeller ordered destruction of the offending mural which rivera went to recreate in mexico city. now more than half century after rivera's death in 1957, the future of his detroit museum murals may be in doubt. some people fearing that they and other art works there might have to be auctioned off as part of detroit's municipal bankruptcy. diego rivera murals at the center of controversy yet again. oversized deli sandwich is just ahead. ♪ [ male announcer ] this holiday, don't get stuck at the corner of "oh! you got me something" and "oh...this is awkward." remember, walgreens has a great assortment of little somethings, and
quarterbacking, but god how does this happen at this point. >> you look around, willie, new york city and we don't know right now what caused the wreck but we're consumers of new york city airport, we're consumers of new york city roads, we're consumers of new york city area trains and this really is some of the most battered, beaten up, crappie infrastructure in the nation. it's getting in and out of new york city is one thing i hate about this city. i love manhattan. but god -- >> it's a nightmare. we're a third world country in manhattan. a third world country when it comes to transportation. >> they are working on the airports. those are slowly but surely getting better. but i ride the subway home from work and sometimes you stand on the platforms and look at the tracks an look what's holding up the entire station you go oh, my god that's a relic. that turn, that speed in that turn. they have been making that turn for decades and decades. there was an accident in july with a freight train around that same spot. obviously something went very wrong there yesterday. >> one of the four fatalitie
still in the fall. 80 in dallas today, 8 in denver. and that cold air is coming down into oklahoma city, look at these temperatures. from 9 in denver the high today to 80 in dallas love field. so this cold air is sinking out of canada, it's going to make its way all the way to the gulf coast. and basically stop. the problem is, the gulf coast says wait a minute it's still fall. i still want to be warm and tries to send up moisture, tries to send up humidity over the top of this cold air. so we're going to get an ice storm right through the central part of the plains where it's going to be 30 degrees and raining. how can it do that? why won't it be 30 and snow? because it's going to be 50 degrees aloft or even 40 degrees up up in the sky 5,000 feet so it's going to rain but where it's 30, 31, 32 degrees. a little bit of snow in oklahoma city. this isn't i don't believe a snowmaker. this is an ice machine for memphis, little rock, jonesboro, evansville. the ice will stick to everything. trees, power lines. millions of people will be without power before this thing finally stops. when it g
amount of force? or was it concentrated on one rail. >> it was heading to new york city early yesterday morning when it jumped the track. the engineer reportedly said he tried to apply the brakes that requires them to slow from 70 to 30. he says the brakes didn't work. the ntsb declines to speculate about the caught of the track, but at 4:30, the nssb plans to hold another press meeting. 9 this disrupted service for about 26,000 passengers, who take the hudson line of metro north each day, and that disruption is expected to continue until the ntsb completes its investigation and the mta is able to fix the tracks. >>> amazon is working on a new way to get -- it's a bird, a plane? no, it's amazon prime air. it has some risks. that's coming up next on "power lunch." we'll explain. n. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-25
staging protests and demonstrations in major cities all across the country, organizers rallying off to the fast-food workers trying to posture the day's events as an nationwide strike. all motivated by a organized labor al of unionizing the nearly 4 million americans who work in fast-food resurants. all of the events were built by the union as a strike and a walkout. but all the events and nearly all particated were putting on a show for the cameras and microphones in the national media. here is at least one of the scenes in new york today. apprimately 100 protesters blew there whistles and beat their drums as they marched into a brooklyn mcdonald's and interrupted customers. of the protesters claim to have walked out of work or for that matter were even mcdonald's employees. in detroit crowds picketed outside to separate mcdonald's restaurantchange it -- chanting we can't survive on 725. demonstrating on their dayff. in washington protesters lined up outside of the smithsonian air and space museum. the mcdonald's based in-the president obama raise their wages during an executive or
gaining traction, it's nothing. so you know what? even down to 1749, go. >> solar city and tesla, shares of both stocks getting a bump on this news. we will talk about his company's plan to offer tesla batteries to customers. plus the box office telling a different story than the stock market. hunger games catching fire cleaning up over the weekend but the stock has been falling. we have got the vice chair of lion's gate and he's next. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. ♪ [ male announcer ] this december, experience the gift of true artistry and some of the best offe
angeles is ramping up the mortgage fight taking citigroup and wells fargo to court. the city alleges the banks engaged in mortgage discrimination that led to a high number of foreclosures in minority communities. they initially mixed mortgages in minority neighborhoods. but targeted the same people for predatory loans. the news today not affecting the stock. again, we are sitting near the accession highs for the market. adam: winter weather hitting people in the southwest to the northeast. i look at where the ice storm is heading. cheryl: the man-made weather . china facing record smog levels. forcing planes to stay on the ground. adam: and buying holiday gifts. the online home furnishing retailer watching record sales on cyber monday this year. we will talk to the company's ceo in the latest installment of "your wish list." every day we're working be an even better company - and to keep our commitments. and we've made a big commitment to americ bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than another place in the world. in f
entire cities. so the turbines of today... will power us all... into the future. ♪ >> schieffer: we're back with former secretary of state, james baker, who is in texas this morning, thank you for joining us. you were part of the reagan administration back when president reagan vetoed the anti-apartheid act that randall robinson discussed here just a minute ago. i wanted to ask you, did ronald reagan ever come to regret that veto? it was over written by the congress and sanctions were put on the south african government. but how did president reagan feel about that as time went on? >> well, i'm sure he did regret it, bob, in fact i'm certain that he did. it was after all i think the only time that a veto of his had been overwritten or was overwritten in two terms, i believe. and so certainly he regretted it. on the other hand, once that happened and control of south africa policy passed through the congress, president reagan was really determined to meet with and deal with the question of -- meet with the black leaders of south africa and deal with the problems of apartheid. he was
carolina law makes it really, really hard to ban weapons from pretty much anywhere. it forces cities and towns across the state to allow guns in public places, even if locally, the police and the town and the people who live there do not want that. when one small-town mayor in morrisville, north carolina, campaigned to protect her ton's longstanding policy banning guns in a local park, the national rifle association decided to weigh in in that little town of 20,000 people and try to make an example out of her. they poured resources into the mayoral race in that small town to try to get rid of her. they called her a member of a radical national gun ban group. they poured resources into that race, and when she lost her re-election bid a few weeks later, the nra took credit for it. if your town doesn't think that guns belong on your playgrounds or in your parks, well, if you're in north carolina, too bad, you don't get a choice in the matter anymore. by the way, the nra will come after you if you try to fight it. on the substance of it, though, let's say you're okay with the idea of gun
out of oklahoma city. more of a snow event there, and really causing a world of hurt on the roads. people stranded in ditches, people having to get out and push disabled vehicles in the ice. several inches of snow falling around the downtown oklahoma city area, and south of oklahoma city, and the news only really gets worse, as we're going to remain below freezing throughout the entire regs of the weekend, so all of the junk, all of the stuff on the roads, likely go going to stay. neil, it was 80 degrees in dfw just two days ago. a pretty big difference. >> amazing. i know folks are going to get some pretty bad colds. >>> arkansas, , too feeling the brunt of the snow. scott is -- has the latest. >> reporter: live here in jonesboro, arkansas, an our or so north northwest of the city of memphis, and we have been through all morning, through this afternoon, and started around the freezing mark, at 32 degrees, marsh a degree higher, and it start with rain but slowly but surely the temperatures started dropping, and guess what, the rain turned into freezing rain, then sleet, and then
in southern and eastern pennsylvania. up towards the new york city area dancing into parts of connecticut. we're also going to see some snow out there today. additional snowfall 3 to 5 inches in northern sections of maine. 1 to 3 inches in the dark blue color. lighter blue indicates less than an inch. tomorrow on the west coast, they're going to zip over towards the east coast and offer up another area of shower and rain up 2345into the virginias. ice possible in d.c. to philly. snow from d.c. to new york city. could pick up a few inches of snow by the time all is said and done tomorrow. >> andrew, back to you. >>> coming up, talking baseball and beards but not together. >>> also, there is a battle erupting in atlanta over a building. the new stadium for the braves. find out why the tea party is on the grand scam. wall street clean shaven is apparently preferred. was that the story? coming up in the executive edge. rockefeller plaza on this nasty morning. "squawk box" coming back after this. ♪ i want to spread a little love this year ♪ [ male announcer ] this december, experience the gift
. it's 7 degrees right now in kansas city. the reason i'm bringing that up let's take a look, it's 31 in fairbanks, alaska. it's much colder in the midwest and central u.s. than it is in alaska. crazy weather pattern right now. mika this continues this week areas like new york, baltimore, d.c., snow tomorrow morning maybe an inch or two to make for another slippery commute. >> bill, thanks. we'll be back in touch with you. we're going to have a story coming up about the republican party and members of it finally coming together. amazing. calling for unity. but first today's "new york times" is out with a powerful piece on the challenges facing the city's homeless particularly children. the article focuses on an 11-year-old, one of 22,000 homeless children in new york, the most since the great depression. data shows half of new yorkers live at or below the poverty line. it's not just new york. 20% of kids nationwide live in poverty. only romania has a higher rate among developed nations. in washington, congress is debating whether to extend jobless benefits to the long term unemployed.
. >> we'll discuss the latest on obama care and a new gop plan to boost our inner cities with kentucky senator rand paul. it's a "fox news sunday" exclusive. plus, with the website working better and enrollment on the rise, we'll ask one of the law's architects, dr. ezequiel emanuel where obama care goes from here. >>> it's been ten years since i took over the anchor chair here. it's been quite a ride. we'll look back at some of our favorite moments from the last ten years. all right now on "fox news sunday." >>> and hello again from fox news in washington. this is a national day of prayer and reflection in south africa. as that nation continues to mourn the man many consider its father. south africans gathered at makeshift shrines to remember nelson mandela who died thursday at the age of 95. fox news senior foreign affairs correspondent is live outside mandela's home in johannesburg with the latest. >> reporter: chris, this was supposed to be that national day of prayer and reflection. and, in fact, across the country it's filled with people marking the day. here in what was the old
. david: new york has a lot of rich people. upon whom the city is relying more and more to pay the bills. and now new york's mayor-elect bill de blasio wants to make them pay even more. he propose ad misnamed millionaire's tax. it is misnamed because it kicks in on all those make $5 million to pay for kindergarten education programs. will the tax catch on? steve forbes, "forbes" editor in chief lives in new jersey. >> i saw 60 years ago this was coming along. david: wealth tax, it is small increment increase. i think city tax would go 3.9 to 4.3, 4.4. it is small but all of these wealth taxes always start out small. i think of the amt, alternative minimum tax, originally designed for a couple dozen people. now it affects millions. >> that's right. it also sends a signal out that new york city takes prosperity such as it is for granted. new york does have unique advantages. it won't kill the city but sends a message out, we're not interested in entrepreneurs. more importantly we don't understand real wealth creation. if anything you should be doing the opposite. in terms of what he wants
back to that level. >> saying pretty please. >> also, very serious story out of motor city. detroit is now broke city. a judge ruling a little -- a few hours ago the city's bankruptcy can go forward in what will be the biggest municipal bankruptcy in u.s. history. this is not a huge surprise but is a big disappointment for the pension plan out there. it has much wider implications for investor. anybody that owns a muni bond needs to sit up and pay attention to this story. we'll tell you why and what it mean. >> same for anyone with a pension. >> let's take a look again at markets across the major indexes. we're seeing red, down about 0.7% on the dow jones. nasdaq still above 4,000, off about 12 points or so. that ten-year bond yield, above 2.8% earlier, has sunk after we saw heavy losses across the european session as well today. >> let's talk about today's market action. our "closing bell exchange" joined by meg green from meg green and associates. scott cavanaugh from first foundation. rob morgan from fulcrum securities. mike santoli and rick santelli. i lov
to be learned from other cities that face a similar fate? it has been a year since rhode island emerged from bankruptcy. the state allowed bondholders to be elevated to a privileged status over pensioners. our next guest at the bargaining table. lead counsel for the central falls, rhode island receiver. the bottom line is what happened in central falls is it is a different deal that would happen with michigan. at the end of the day the pensioners in central falls took a 55% cut. did they negotiate that, or was that more because they wouldn't negotiate this is what the receiver decided was going to happen? >> it was not a 55% cut for all committed up to 55%. adam: it was those youngest sitting the cut. >> unlike in detroit where there was a court ruling on whether or not retiree pensions could be cut, ours was done through negotiation. early in the case when the case was filed we immediately went into negotiations with the retirees. the retirees had very good counsel understood the court would rule as the detroit court ruled here. and as a result we negotiated an agreement under which they to
workers across the country will walk off their jobs this morning as part of a 100 city protest. workers are seeing $15 an hour and a right to form a union. in washington president obama is making income in equality one of the pieces of his second term agenda. >> the idea that a child may never escape that poverty because she lumberjacks a decent education or a health care or a community that views her future as their own it should offend all of us. the combined trends of declining mobility it poses a threat to our way of life. what drives me as a zbroond, a son, a father, as an american is to make sure that every striving hard-working optimistic kid in america has the same incredible chance that this country gave me. >> the current minimum wage is $7.25, adjusted for inflation. that's more than $3 less than the minimum wage was back in 1968. president obama said he'll support a senate bill to increase the minimum wage to $10.10 but not going to be easy. >> what would the prospects of that be not only in the senate but the house? >> they are not good. it would be easier to do that than t
. a magnitude 4.5 earthquake rattling towns near oklahoma city saturday. >> things fell off the wall. things fell off shelves. at first you don't know what's happening and then it sort of settles down and you can take inventory. >> luckily no other major damage or injuries reported. this quake comes just weeks after the two-year anniversary of the strongest earthquake ever reported in the state, a magnitude 5.6 back in 2011. >>> 60 survivors attend an anniversary of the attack on pearl harbor. a moment of silence was observed at 7:55 a.m., the minute the bombings began. >> it was a day of gallantry and unquestionable heroism even as it was a day of sacrifice and loss. for those who gave the last full measure of devotion that day, we feel a deep sense of sorrow for the loss of such potential. >> 2400 sailors, marines, and soldiers were killed in the attack that day. those are your news headlines. >> jess dean is here. we have a storm alert. deadly storm blasting the southern states, snow and ice heading east. icing conditions in dallas causing thousands of flight cancellations. janet dean had
can go find exactly where those open parking spots are. the collaboration with citi was important for providing us the necessary financing; allow this small start-up to go provide a service to municipalities. citi has been an incredible source of advice, how to engage with municipalities, how to structure deals, and as we think about internationally, citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ ♪ >>> welcome back. i'm sharon eperson. we have seen choppy trading. brent crude prices around $110 a barrel. chinese data coming out this morning seen as somewhat positive in terms of the manufacturing level that is we saw for november at a 18-month high and awaiting, of course, wednesday's meet
attacks on new york city that day started roughly 9:00 a.m. that day. the print version of the newspapers were already out. the front page of the "new york times" on september 11th, 2001. it was about school dress codes and how hot morning tv is. the first edition of the "new york times" that contained reporting on what happened on september 11th, 2001, that was the edition that came out on september 12th. in that day's paper, in the september 12th, they ran a by a photographer named richard drew. it shows a man falling. falling from the upper floors of the world trade center to his death. a lot of photos were taken of people that died that way they day. it is estimated a couple hundred people may have died that way on 9/11. their images, falling from buildings, they were captured by multiple photographers in still images and on video. the "new york times" and other videos, that ran the images, they did not run those images again after that day. now whether there was an overt backlash against them, or whether they just thought better of it with the passage of time, it's hard to figure out
your face to keep your precious data secured. and a $10 billion floating city, the nation all of its own. why in the heck would you want to get on one of those things if you would not even want to get on a cruise ship. a man who want to make this a reality. that and so much more coming up on this hour of "markets now." ♪ i need mcshane hereto agree with me on the cruise ship thing because it is like one big nightmare of a cruise ship. good morning, everybody. stocks finally good news on the economy means good news for stocks. nicole is on the floor of the new york stock exchange to explain it all. nicole: we are seeing something have not seen in some time, some big gains, green arrows. triple digit gains in the dow jones industrial. we have not had an up day where at the closing bell we had i anp arrow for the dow. since before thanksgiving, since last wednesday. it is welcome especially for the bulls, but for right now it looks like we will be snapping our winning streak we have seen. up 8 of the last straight weeks, but last friday the dow closed 16,086, so some way to go with th
the tree. december 203rd is also the new court could cut future payments to the city's pension systems as part of the bankruptcy. some good news for the motor city reporting the best sales month and six and a half years. sales climbed nearly 9% in november. much more still ahead. vice-president joe biden does nothing to ease tension in the south china sea. in fact, he blasts the territorial claims and its air defenses down and former secretaries of state kissinger and schulz lay out the strategy to stop the iranian marched to a nuclear break up. judith miller, dr. while the ferris join us. also, the latest math, reading and is tied -- science test scores of u.s. students revealing the new promise of a new age of american exceptional as an. the shocking statistics for you in tonight's "chalk talk". we're coming right back. ♪ president obama pushing his troubled health care plan. and he says no matter how much it stinks', it is not going to be repealed. we will be taking that up with congressman and dr. paul brown it has a diagnosis of his own next. ♪ as a business owner, i'm constan
. thank you very much. >> thank you. melissa: from one disaster to another. a judge ruled the motor city is officially broked. judge stephen rhodes says detroit is proven insolvent and could enter chapter nine bankruptcy. this could be a precedent for every other city struggling with overblown debt. even if you thought you were safe. this could change it. fox business's jeff flock is live from federal bankruptcy court in detroit. jeff, what does it mean for people's money? >> yeah. you know that's the big deal on this one. for the first timeever, melissa, a federal bankruptcy judge has said, even if, if you're a municipal pensioner, even if you have a state constitution that says you can not screw with my pension, in federal bankruptcy court, yes in fact you can screw with my pension. first time anybody said that. we don't know how it will come down but the first time it the door has been open. melissa: state protections written in the michigan constitution would prove meaningless? i didn't understand that? >> yeah. because what the judge said today, essentially is federal law trumps sta
outages. flight cancellations. in oklahoma city, slick roads, many motorists stranded and causing an suv to flip over there. in california, three people died of hypothermia because of extreme temperatures. rick has the details. >> more than one suv to flip over. caused a lot. that's one we had a picture of there. temperatures now, your actual air temperatures. it's minus 32 in glasgow, montana. i don't even understand that kind of temperature. minus 17 in minot. wind out there as well, feels much colder. like minus 47 in glasgow and these temps go on and on and across much of the south where even into parts of texas we have windchill advisories in effect. it is going to be feeling incredibly cold all the way to the south, all the way to the west. much of california had a really rough week with a lot of the agriculture out there was well. and then this storm we'll dealing with, almost done. at least the icing we saw. dallas through parts of the ohio valley and a lot of people without power. a lot of accidents. take a while to get all the power back on. now we just have the tail end to bri
are going to start getting some snow in the city here mid-morning tomorrow. >> i saw total flights canceled, 2800 canceled as of sunday evening. three deaths in dallas over the past few days. it has been rough. >> it was towering on i-95 yesterday. it was closed at one point, just so many accidents. people were just. i know we have that here tonight. that was no way you could use cars. you need an atv. >>> with the market, cramer is here to help you get off to a fast start. we will get his mad dash after the break. one more look that futures. we have three on today. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. losing thrusters. i need more power. give me more power! [ mainframe ] l
death of a 1960 icon, the vwcombi van. they have decided to pull the plug. vans gathered in the city of sao -- well i can't say the name, more than 10 million have been produced world wide over past 6 decade. >> to china, a man in china developed a pair of shoes that s that weigh over $440-pounds each, and says they hole the secret to curing back pains and hec hemorrhoids. the shoes fix that in no time, high is developing a whole range of metal footwear, in varying degrees of heaviness, different colors. >> check this out, all american girl jennifer -- one of three finalists in popular middle easternty of tiety tern tv compe wowed audiences threw out the region by singing renditions of classic arabic song. she embraced arabic music since discovery it on-line three years ago. >> in most workplaces drinking on the job is enough to get you fired but not in amsterdam, a government funding orzation set up a program that lets alcoholics clean up the city, in exchange for beer and tobacco. joining us now adiction expert, do you love this idea or hate it. >> i think i am and any sensible per
city workers in detroit have suffered a major setback in the fight over bankruptcy. a u.s. judge ruled detroit is legally entitled to pursue bankruptcy. of the "after the bell" starts right now. david: we're a little off the floor of this market. it was down triple digits. we ended the day on the dow, anyway, down double digits. let's look at today's action with robert russell, russell and company president. he tells investors why 2014 will actually be the year of the stock-picker. larry shover is in the pits of the cme. larry, let's start with you. what is going on? is this just a pause or a downward trend we're looking at? >> well, david, no panic here but make no mistake about it the short-term dynamics here are quite disconcerting and cause for concern. all of 2013 we've been very sensitive to any kind of decline but right now what's going on, any type of knee-jerk reaction we get is quite core rob tiff for everybody. people take rallies for granted. hey, dice it's a santa claus rally. of course we'll rally. that is not something you read in a book or magazine. it comes from three
, and almost all that growth is going to be in cities. what's the healthiest and best way for them to grow so that they really become cauldrons of prosperity and cities of opportunity? what we have found is that if that family is moved into safe, clean affordable housing, places that have access to great school systems, access to jobs and multiple transportation modes then the neighborhood begins to thrive and then really really take off. the oxygen of community redevelopment is financing. and all this rebuilding that happened could not have happened without organizations like citi. citi has formed a partnership with our company so that we can take all the lessons from the revitalization of urban america to other cities. so we are now working in chicago and in washington, dc and newark. it's amazing how important safe, affordable housing is to the future of our society. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat
people are under arrest after a stadium fight at a kansas city chiefs game. the victim was sitting in somebody else's truck in the parking lot after the game and then when the owner of that truck saw him, a fight broke out. the victim then collapsed and died later at the hospital. >> the hospital told us there is no obvious reason for why this person died. we don't know if the person had a heart attack during the struggle. >> we'll keep you posted. tragic details from the death of fast and furious star paul walker. investigators confirming speed was a factor in that accident. walker was riding in a friend's porsche when it crashed into a light pole over the weekend. the fast and furious costar tyrese gibson broke down. he posted a note on instagram. paul is the heart beat of this franchise and we're going to see his legacy lives on forever. walker was in the middle of shooting fast and furious number 7. tmz reporting production of that film stopped for now. walker leaves behind a 15-year-old daughter. he was just 40 years old. >>> freezing rain and ice are to blame for a massive pi
messengers. there were all over new york city for a minute. it did not work, because a simple you do have to make money, particularly as a startup. hall. adam: marking amazon drones. after the announcement, the twitter account amazon drowns. and these us some of the best. just wait. one day you will be stuck on the john with the tepee in sight. who were you going to call? drawn to the rescue. forget your girlfriends birthday? i got your back. thirty minutes a less. want to show someone how much you hate them? send me to their house with a nickel back cd. drone revenge. lori: what a tough crowd. let's get to the latest on the obamacare rollout. the obama administration, the troubled health care website a vastly improved since the disastrous rollout back in october. so much so that it appears that the website may have reached its maximum capacity. now, the former head of the massachusetts health exchange. great to have you back on the show. welcome. >> thank you. nice to be here. lori: health and human services is saying that they are running 90% of the time. does that mean anyone can log o
lived about an hour north of the city, he did freelance audio for television, and was heading into the city for work. i'm so sorry for your loss, nancy, how are you holding up? >> we are holding up, anderson, we have got a whole community holding us up. and we have got our jim, who is filling us up with love and holding us up. >> what do you want people to know about jim? >> we want people to know that jim was interested -- in what everybody was doing. he was pure goodness. and he lived that and showed that and gave that to his boys every single day. he gave that to his guys that he worked with. he gave that to his family and his beautiful nieces and nephews. he gave that to his beautiful daughter. i want people to know how good jim was. >> i -- i saw some of the tweets you were sending out. tell us about your dad. >> well, first off i just want to say that my dad was not a victim. i don't want him to be known as a victim. jim lovell was so much more than just a victim. he was a loving father, a great dad. best friend, uncle. great co-worker, just always had had a smile on his
and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ look! one select-a-size sheet of bounty is 50% more absorbent than a full size sheet of the leading ordinary brand. use less with bounty select-a-size. >>> they are members of the high school basketball team who were waiting for their school bus to take them to a scrimmage basketball game on wednesday morning, arrested and charged with disorderly conduct for obstructing pedestrian traffic on this sidewalk. >> there are social movements that occur on social media and this is a great case in point. >> from twitter it made its way into a national television program that you know they were watching. >> just downtown, minding your own business. >> we tried to tell him that we were waiting for the bus. he didn't care. >> if i were law enforcement in rochester, i would be thinking about issuing an apology and dismissing charges. >> after reviewing the facts associated with these arrests, i have decided to dismiss the charges in the interest of jus
cities such as chicago, philadelphia and los angeles that are suffering from the rising cost of pensions, causing spending cuts in area like public schools and police departments. joining us with his thoughts, lawrence gotlieb. lawrence, good to see you. charlie is with us in the studio, as well. do you see this decision meaning what i just read out, that, okay, pension holders will be below bondholders? >> well, it's a little early to know that. we know that we have the appropriate forum for taking these issues on. chapter nine has proved to be a valuable resource for places like jefferson county with complex problems. here we have more complex problems. it is too early to know the relative priority of claims. if it were that easy, clearly, there would be more activity in the markets, etcetera. it will be interesting. there are complex issues and important issues that we have to take on. >> what is the most important issue? >> well, here in detroit, we have a shrinking of a tax base, a shrinking of an economic base, and the government and its services have not shrunk around it. and fran
with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ >>> welcome back to "hardball." former secretary of state hillary clinton and husband bill may say she's still undecided about whether she's going to run in 2016, but they are certainly putting pieces in order. their most recent outreach is described in a "new york times" article headlined eye on 2016. clintons rebuild bond with blacks. it says, quote, she and her husband have sought to soothe and strengthing their relationship with african-americans. the constituency that was most scarred during her first bid for the presidency. after comments former president bill clinton made about candidate barack obama in the 2008 race. comments that sounded racially insensitive to many ears. black and white. as a way to salve the wound, the profile including funerals for prominent african-americans or commemorations of civil right events of which the clintons have been present. marking the hundredth a anniversary of the largest a
. there is the traffic now from city, my favorite website in denver. that's not moving fast. snow is coming down. i-70 west of denver, shut down. so many crashes out there. the interstate was done for awhile. they cleared that out. near the eisenhower tunnel things are getting better but i watched pictures on colorado dot and it's completely still snow covered. this is not a piece of cake. all commercial vehicles essentially through colorado have to have chains on the tires at this point. a foot of snow in duluth expected, minneapolis, as well. not quite a foot but close and at least two feet in the mountains to the west of denver. this is a good thing for the people in colorado. they love to go play in the snow. what you don't want to see is highs for tomorrow in the teens or the 30s and then all of a sudden 15, because what will break here, anderson, this isn't on the map. i'll draw it. there is going to be a system that lines up here thursday morning and friday and there's going to be a bunch of snow right through here, probably a foot or more and then somewhere along this line, i don't
. that want city got the legal go ahead to file for bankruptcy today. government pension, government benefits are going to get slashed as they must. now the unions are already in full outrage mode. we have a live report on that developing story just ahead on kudlow. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. i'm bet
't know is that i'm using my citi thankyou card at the coffee shop, so i get 2 times the points. and those points add up fast. so, sure, make me the grunt. 'cause i'll be using those points to help me get to a beach in miami. and allllllll the big shots will be stuck here at the cube farm. the citi thankyou preferred card. now earn 2x the points on dining out and entertainment, with no annual apply, go to the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. take the energy quiz. on the table by not choosing the right medicare d plan. no one could have left this much money here. whoo-hoo-hoo! yet many seniors who comp
friday morning they psend me out to get the goods. but what they don't know is that i'm using my citi thankyou card at the coffee shop, so i get 2 times the points. and those points add up fast. so, sure, make me the grunt. 'cause i'll be using those points to help me get to a beach in miami. and allllllll the big shots will be stuck here at the cube farm. the citi thankyou preferred card. now earn 2x the points on dining out and entertainment, with no annual apply, go to >>> i'm milissa rehberger. a union official says the engineer of a train that derailed in new york caught himself nodding off just before a sharp curve. >>> a federal judge says detroit can declare bankruptcy. it allows detroit to cut employee pensions. lawmakers in illinois passed a bill overhauling the state's pension system which is $100 billion in debt. the measure in part cuts benefits to workers and retirees. back to "hardball." ♪ >>> welcome back to "hardball." after the republican party's second national defeat at the hands of barack obama last november, some of the grownups in
in a city, probably one of their target markets, when usually you come out and and meet the deliveryman, sign it -- melissa: right, and there's the faa. chris, when you watched the video on "60 minutes" last night, it was the very nice landing, the drone jebtly placed down -- gently placed down its package, it was no trouble at all. is this how you see it working, or are there some challenges? >> there's a lot of challenges here. as a helicopter pilot, as a retired naval aviator, we had a saying if something is not going wrong, it's about to go be wrong. melissa: very optimistic of you. >> technologically, yes, you could do this today, periodly on a one-time -- immediately on a one-time case. you can't do this with hundreds or thousands of drones making multiple deliveries. and the biggest hurdle is the regulations involved. there is no regulatory framework for this type of commerce to take place in. technology always takes place before the regulatory framework. let me give you one quick historical example, orville and wilbur wright figure out how to fly, it wasn't until 1926 when the f
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